Deutsche Ups Amgen Rating
Deutsche Bank upped Amgen (AMGN ) to buy from hold.
Analyst Jennifer Chao said her upgrade comes ahead of major near-term clinical milestones. She also cited the stock's compelling valuation based on its increased financial projections for 2006 through 2009, as a result of an improved outlook on the future of Aranesp for treating chronic renal failure, AMG 162, layered atop strong fundamentals. She raised her $80 price target to $102.